CDFA Washington Financing Roundtable Newsletter - January 2017

CDFA Washington Financing Roundtable Newsletter - January 2017
January 18, 2017



Feature
$40M Awarded for WA Wave Energy Test Facility The award will be used to design, permit, and construct an open-water, grid-connected national wave energy testing facility. The facility will support innovations in wave energy technologies capable of harnessing the significant wave energy resources along United States coastlines. WHEFA Issues $17.7M Bond for Construction of Residence Hall The initiative was launched by the board of trustees in 2015 to improve residence life, a cornerstone of the college experience, officials said. The bonds are expected to save the college more than $1.2 million over the life of the bond on its present-value basis. Four Seattle Transit Projects Will Receive $2B The Central Puget Sound Regional Transit Authority (Sound Transit) and the Build America Bureau signed a pioneering, first-of-its-kind Master Credit Agreement (MCA). The agreement lays a foundation for working together to initiate four transit projects in the Seattle area. WA LIFT Program Funds Puyallup Transportation Improvements LIFT is a form of tax increment financing that funds public infrastructure projects for local governments within boundaries called a Revenue Development Area (RDA). Every year, LIFT provides Puyallup with a sales and use tax credit of up to $1 million every year for 25 years. Energy Program Finances New Seattle Homes and Tacoma Theater $1.8 million in loans from the Washington State Housing Finance Commission's Sustainable Energy Trust (SET), will finance energy retrofits at the Pantages Theatre in Tacoma and the construction of four energy-efficient homes on Seattle's Beacon Hill. NMTC Coalition Urges Supporters to Sign Letter The NMTC Coalition is sending a letter to Congress urging leadership to protect the New Market Tax Credit. Please consider signing their letter if you support this important development tool.
Upcoming Events
Intro Tax Credit Finance WebCourse February 15-16, 2017 - Daily: 12-5 pm Eastern The Intro Tax Credit Finance WebCourse examines the application of tax credit programs in greater economic development finance efforts. This course will discuss the practical application of tax credit programs including brownfields, new markets, low income housing, historic preservation, and state-specific programs. Learn More About CDFA's Free Technical Assistance for Brownfields February 1, 2017 - 1:00 pm Eastern The Council of Development Finance Agencies (CDFA) offers free technical assistance to State, Local, and Tribal brownfield financing efforts. CDFA and partners provide resources and expertise related to revolving loan funds, tax credits, tax increment finance and other effective financing tools.
Washington News
15-Story Condo Proposed on Site of Downtown Seattle Parking Lot Seattle Daily Journal of Commerce \| Jan. 17 \| Redevelopment \| Urban Development Duwamish River Receives EPA Urban Waters Grant for Clean-Up Urban Waters \| Nov. 17, 2016 \| Community Development \| Urban Development \| Water Finance >>> SEARCH HEADLINES
Sponsor
Conference Premium Sponsor For information about sponsoring the CDFA Washington Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.
The Council of Development Finance Agencies is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private and non-profit entities alike. For more information about CDFA, visit www.cdfa.net or e-mail info@cdfa.net.